Gimv Exits Luciad, acquired by Swedish Trade Buyer Hexagon

Luciad, a leading provider of high performance geospatial situational awareness technology that powers the world’s mission critical operations, announces that it has been acquired by Hexagon AB, a global provider of information technologies that drives productivity and quality across geospatial and industrial enterprise applications.

“By combining the strengths of our companies, we can deliver an even more compelling offering to our customers. Our complementary technologies will give us scale to grow in both our core markets and emerging sectors, in addition to enabling us to pioneer innovations in the areas of IoT, Smart City, and other emerging markets,” comments Marc Melviez, Group CEO & Director, Luciad.

Luciad will become a fully owned subsidiary of Hexagon and operate under its Geospatial division. Hexagon (Nasdaq Stockholm: HEXA B) has approximately 18,000 employees in 50 countries and net sales of approximately 3.1bn EUR.

About Luciad

Luciad delivers geospatial software solutions that power the world’s mission critical operations. Their applications simplify the lives of developers and end users with advanced visual analytics that allow them to unlock the potential of real time location intelligence and create the foundations for next generation geospatial systems. “Connect, visualize, analyze, act” is both their method and our motto.